FOR SALE RAILTOWN INVESTMENT OPPORTUNITY EMPIRE STEVEDORING BUILDING STEVEN FAST stevenfast@telus.net 604.328.2524 ROBERT THAM robert@corbelcommercial.com 604.609.0882 x 223 MARC SAUL * marc@corbelcommercial.com 604.609.0882 x 222 *Personal Real Estate Corporation CO-LISTED BY:
RAILTOWN INVESTMENT OPPORTUNITY rb ia l o c n East Va el c rc omme
LOCATION Railtown is a creative, high-tech enclave, recycling Vancouver s old Waterfront for both working and living. The former home of Hootsuite, Railtown has been one of the anchor points for the growth of the thriving electronic-arts based companies in Vancouver since 2000. Many of Vancouver s trendiest restaurants and cafés are steps away, including Railtown Café, JJ Bean, Ask For Luigi, Bel gard Kitchen, Alibi Room, and Vancouver Urban Winery. The area is easily accessible by car and public transit, and is strategically located just minutes to the east of Vancouver s Central Business District. OPPORTUNITY LOT SIZE * BUILDING SIZE * ZONING APPROVED USE LEGAL DESCRIPTION 6,056 sf (approx.) 24,107 sf (gross) 16,950 sf (rentable) I-4 Historic Industrial The basement is approved for warehouse storage, the main floor is approved for manufacturing (food/ bakery products, with ancillary restaurant catering) and floors 2 and 3 are approved for office use. Plan: VAP4600, Lot: 1, Block: 39A, District Lot: 196, Land District: 36 395 Railway Street is an exceptional and rare opportunity for investors, owner-users and developers. This beautifully appointed character building prominently sits on the north west corner of Railway Street and Dunlevy Avenue and in the highly coveted sub-market of Railtown. 395 Railway Street features a restored Art Deco exterior, spacious and bright units with fantastic ceiling heights, exposed timber, large windows, a charming passenger elevator, a creative blend of classic and modern finishes throughout, a common rooftop deck with spectacular views of the city, water and North Shore mountains, underground parking and much much more. PID 011-477-326 PROPERTY TAXES NET INCOME (Actual/ Projected) $ 45,180.48 (2016) Jan 1/17 Dec 31/17: $ 281,410.91 Per Annum Jan 1/18 Dec 31/18: $ 308,018.01 Per Annum Jan 1/19 Dec 31/19: $ 380,310.71 Per Annum Existing Parking Income ** $ 15,000.00 Per Annum PROJECTED NET INCOME Projected Net Rent $ 508,601.36 Per Annum Projected Parking Income ** $ 27,300.00 Per Annum (13 stalls @ $ 175 per month) Total Projected Net Income $ 535,901.36 Per Annum The rentable area is being used for this projection. At the current time, the basic rentable area is being used. A combination of renovations and a Tenant improvement package will be required to achieve this projected figure. Please contact the Listing Agent for further details. ASKING PRICE Please contact us. *All measurements quoted herein are approximate and must be verified. **The parking stalls are currently non-conforming.
FLOOR PLANS FIRST FLOOR SECOND FLOOR THIRD FLOOR * Floor plans may not be 100% accurate and are subject to verification.
395 RAILWAY 1 13 15 5 6 7 12 10 8 18 9 17 16 11 4 3 2 14 LOCAL BUSINESS MAP 1. Railtown Studios 2. The Mackenzie Room 3. Cuchillo 4. Bean Around the World 5. Ask For Luigi 6. Kona Bikes 7. Railtown Café 8. Form 3 Design 9. JJ Bean 10. Vancouver Urban Winery 11. Alexander Centre 11. Aritzia Corporate Office 11. Herschel Supply Company Corporate Office 12. Belgard Kitchen 13. The Edge 14. The Uncommon Café 15. Architrix Design Studio 16. Carmel Furniture Designs 17. Bloom Furniture Studio 18. Peter Cardew Architects